USDCHF stays in a falling price channel on 4-hour chart. As long as the channel resistance holds, another fall towards 1.0400 is still possible and a...
USDCHF stays in a falling price channel
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Chrysler Recalling Jeep Liberty SUV’s, reports Reuters
Reuters reported that automaker; Chrysler is recalling about 210,000 Jeep Liberty’s due to problems resulting from extreme rust that might...
Asian Forex Wrap
ECB fears Bank Crisis in 2010. NZ leaves rates unchanged. Brazil cuts rates by 100bps. Nikkei trades above 10,000 for the first time since October 2008 Japan Q1 GDP revised to -3.8% from -4%. China still a net importer of steel in May. Australia May unemployment 5.7%, only 1700 jobs lost. AUDUSD...
Cross plays still the dominant factor
Same as yesterday morning, GBP and AUD higher with the USD, EUR and JPY lagging. I have important Fibo support in the EUR/GBP at .8490 which is holding thus far but a break should see a swift test of .8200/50. Both AUD/USD and cable are headed for re-tests of last weeks highs at .8260 and 1.6660...
Daily Forex Analysis - June 10, 2009
Being contained by 1.3793 support, EURUSD rebounds from 1.3804, suggesting that a cycle bottom is being formed on daily chart. However, a break of 1.4338 ... See all stories on this...
Pound plunges on the BoE minutes
By TraderVox.com Tradervox (Dublin) – Sterling pound stole all the attention during the European and US session after the dovish statement...